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Capgemini to acquire IGATE

Capgemini and IGATE recently announced that they have entered into a definitive merger agreement under which Capgemini will acquire IGATE for a cash consideration of $48 per share. The transaction will amount to $4.0 bn and is expected to be immediately accretive to Capgemini’s normalized Earnings Per Share (EPS). The merger agreement has been approved unanimously by both Capgemini’s and IGATE’s Board of Directors.